AdvantageClub.ai, a leader in employee engagement solutions, announced that it raised $4 million in a funding round led by Axilor Ventures. The round also saw participation from AFG Ventures, Prasanna Sarkar (Co-founder and ex-CTO of Rippling), Bytez Ventures, and existing investors. This new investment brings the company’s total funding to $11 million.
The company plans to use the newly raised capital to accelerate its expansion into the US and Asia. Additionally, AdvantageClub.ai will focus on strengthening its wellness programs, including OPD plans, fitness plans, health check-ups, and social behavior-led healthy habit formation. It also aims to enhance its position in the rewards and recognition sector.
Sourabh Deorah, Co-founder and CEO of AdvantageClub.ai, highlighted the company’s commitment to advancing AI solutions, particularly with the recent launch of their AI bot, Adva. He emphasized that the integration of Applied AI into their platform will continue to drive engagement and offer fresh ways for organizations to connect with their employees.
Since its inception in 2016, AdvantageClub.ai has provided solutions to prominent clients like Tech Mahindra, HCL, Concentrix, and Biocon, among others. The company’s focus on wellness has gained significant traction over the past two years, making it a key aspect of its product suite with Advantage Wellness.
Ganapathy Venugopal, Founder and CEO of Axilor Ventures, stated, “AdvantageClub.ai’s personalized, scalable, and global platform offers a best-in-class solution for employers who prioritize their employees, helping companies build a strong employer brand and improve employee engagement.”
With its continued investment in AI and wellness solutions, AdvantageClub.ai is poised for growth as it expands its reach in international markets.
